ADP Employment Slows Further; Services Job Growth Weakens As Manufacturing Jobs Drop By 2,000

Having relatively disappointed all year, compared to 2014's high levels, ADP for October printed 182k (practically in with expectations of 180k and below September's revised lower 190k) - the lowest since July. Following September's biggest manufacturing job losses since Jan 2010, October saw further losses (-2k) and Services job growth slowed as small business gains dominated large business (which ADP reports facing strong dollar challenges). December rate hike odds were 52.0% before ADP with no significant change yet.  Read more